“I believe that business has the responsibility to be in service to social, environmental and economic justice - one way to do that is to design equity into the financial systems up front so that they create the space for thrival, not just survival.”

Then there are all the other offers, but telling them apart and figuring out which is the best is a bit tricky. How can you tell which is the best option when there are different variables, such as transfer fees (3%-5%), billing cycles at 0% interest (15-21 months) and interest rates once the 0% interest is over (11.74%-24.49%)? By figuring out what the effective annual percentage rate, APR, is for each of these offers, that’s how.

Here’s a matrix I threw together to show you which is the best deal. All you’ve got to do is google the name to get to an online application.

The top two are the best, the next two are also really good; the rest are representative of the usual offers of 3%-5% balance transfer rates:

Balance Transfer Fee Rate

Billing Cycles

APR

Barclaycard Ring™

0%

15

0%

Chase Slate®

0%

15

0%

BankAmericard®

3%

18

2%

Discover it®

3%

18

2%

Citi® Double Cash Card

3%

18

2%

Citi® Diamond Preferred®

5%

21

3%

Citi Simplicity®

5%

21

3%

Chase Freedom®

5%

15

4%

Chase Freedom Unlimited

5%

15

4%

What I didn’t include as a variable in choosing a card is the interest rate that each card charges after the 0% APR period is over. That’s because either you will have paid it off, or whatever balance you have left over can be transferred to another card.

Like this strategy? Dislike it? Leave me a comment below. Would love to hear from you.